As a 360 owner this can only be good news. However i dont think this is significant good news. I am not one to really moan about load times in general and the biggest problem is that realistically all those with a 20gb hard drive will only have space for one game install if you factor in dl'd content and space for a few demos.
With this in mind this feature is going to benefit AAA titles the most as they will probably get prioritised installs on your HD as you play through them for the first / second / third time.
The 1 thing MS could do to make this a more significant announcement is drop the rediculously overpriced HD peripherals but i cant see them doing this as the hd is the most significant difference between arcade / pro / elite.
What is not in doubt is that MS are pushing the boundaries of extra features provided to a console through software and that is great for all owners.
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